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October 16, 2024

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The spluttering roar of a propeller punctuates the perfect silence. Car headlights flick on, splitting the darkness. Their beams reveal not just a section of tarmac ahead, but one of Ukraine’s most top-secret weapons, controlled by its most clandestine agency.

Stuck to the nose of the gray machine is a yellow emblem of an owl, wings spread and grasping a sword – the unmistakable logo of Ukraine’s defense intelligence, the GUR.

Two pilots sporting the same owl patches on their fatigues make their final checks inside the car before a thumbs up: “Let’s go!”

A high-speed, 50-second chase ensues, before the 13-foot long, 23-foot wingspan AN-196 Liutyi drone disappears in an instant into the inky-black Ukrainian night.

The drone’s destination is a target deep inside Russian territory.

Only two people were authorized to speak on the record, and then only using their callsigns: Serge, the long-range drone operations commander of GUR, and Vector, unit commander. Serge said he had personally overseen more than 500 long-range drone attacks into Russia since its full-scale invasion of Ukraine in February 2022.

Their target: an ammunition facility, specifically train carriages sitting inside the depot loaded with recently delivered Iranian missiles, according to the Ukrainians.

The facility sits on the outskirts of the tiny village of Kotluban, in the Volgograd region of southwestern Russia.

Long-range drone attacks have become an increasingly prominent part of the Russia-Ukraine war. As the land war has become more attritional, the air war has gathered speed, with the major development being in drone warfare.

In September, the unit’s drones hit a Russian ammunition depot between Moscow and St. Petersburg, in Tver region. The attack on Toropets, the Ukrainians claimed, resulted in the destruction of a depot storing Iskander tactical missiles, as well as aerial glide bombs and artillery munition. The strike caused massive explosions, visible for miles.

And in July the Ukrainians say they hit an oil refinery on Russia’s Black Sea coast, causing a major fire there.

Russian President Vladimir Putin has warned, however, that Moscow would consider any assault on it supported by a nuclear power to be a joint attack, singling out a mass launching of drones as one potential example.

Vector said many of Russia’s airfields, the origin-point of many of the air raids it conducts against Ukraine, are out of range. His drones, while highly effective, are not always that efficient – swarms of them are required to ensure their targets are hit. “Of course, we can send the UAVs (unmanned aerial vehicles), and we destroyed many places. But it’s not enough,” Vector says.

“We’re not asking only about the permission to send the missiles anywhere in Russia, we speak about the weapons which can help us to move this war from our territory,” Vector adds.

Inside the mission

Serge and Vector have been leading their unit’s attempts to hurt Putin at home.

Regardless of targets, their missions follow a rigid set of operating procedures that include meetings at various locations across Ukraine.

In an underground office with dark brown, seemingly never-ending Soviet corridors, Serge sits across from Vector in a white-walled room. No pictures hang on the wall, even the whiteboard remains blank. The meeting is to the point.

“There will be about 12 drones,” Serge says to Vector, who has a map in front of him detailing the target and range of the Russian air defense and electronic warfare systems.  They then agree the target approach time of around 3 am and the launch intervals for the drones.

Vector scribbles two notes before standing abruptly and saying, “Everything is clear. Ready to complete the task.”

As dusk draws in, the convoy pulls into a compound, articulated lorries lined up. A tiny room with a desk and two sets of bunk beds serves as the only light source for miles around.

Men dressed in black, balaclavas over their faces, wait to hear their orders. Vector delivers a short brief, adding that this mission will also involve other units. He orders his men to start preparing the routes and hands over a small USB key containing the information for the mission ahead.

“Any questions?” he asks. “None? Okay. Let’s get working.”

He points to the quality of Russia’s air defenses, especially over the past 12 months. “We’re successful guys and we find the windows,” he says, but it’s a challenge.

Each drone will be programmed with more than 1,000 different waypoints, to evade Russia’s comprehensive air defense systems. There is tacit acceptance from Vector that some of this resembles a video game.

“It looks like we play with them,” Vector says jokingly, “but it’s not a game. It’s a war.”

Serge adds that not all men in his unit are career soldiers like him. He has served more than 20 years in the Ukrainian army and began flying drone missions in 2014 as Russian-backed separatists in Ukraine’s eastern Donetsk and Luhansk regions split away from Kyiv.

Decoy machines

In a warehouse, a Liutyi drone, produced predominantly in Ukraine, wingless for the time being, stands surrounded by green camouflage-painted crates containing multiple Rubaka kamikaze drones.

Vector explains that these smaller drones are crucial to the success of any mission. The aim is simple: to overwhelm the air defenses and draw Russian fire away from the Liutyi, which often carries a payload as great as 250 kilograms (550 pounds).

“They’re very simple, and we can use them with and without payloads,” he says of the smaller drones.

Cracking open one of the crates, he pulls out one of the decoy machines. Strips of metal foil have been added to the wings to fool Russian radar.

“We try to mix them, and we try to send them from different distances, different launch places… they try to destroy them. They send helicopters and missiles, they turn on the radio electronic warfare,” Vector explains.

Their targets are only military targets, Vector states. “Russia came inside our country. They destroyed a lot of electricity, a lot of houses, cities, villages.” But, he adds, “not all of them are stupid, and when they understand that war can come to them like they come to us, they will change something in their country. They will change the politics.”

One of the many articulated lorries has backed up for loading. In near darkness, drone bodies, followed by wings, are loaded three per truck by men whose faces are totally covered by balaclavas, and strapped down, ready to be taken to their launch sites.

Across other parts of Ukraine roughly 80 other GUR operatives are preparing 90 other drones, not all the Liutyi, for flight.

Some 30% of all the drones being launched will be on decoy missions, Serge says. The drones have been programmed to fly anywhere between 450 and 550 miles, with the Liutyis being the spearhead, destined for the small town-turned-ammunition hub of Kotluban.

The men load the warheads carefully into the bodies of the drones. Each compartment is then sealed with the squeal of a drill.

Serge and Vector, now in full combat uniform, observe the final preparations. This launch is one of the largest Serge has ever conducted, he says.

“Maybe (the Russian people) don’t understand what’s going on in Ukraine, but when these UAVs arrive, they understand clearly what we have been living (with) for the past 10 years,” Vector chimes in.

Tracking the drones’ flight

In total darkness, the drones are pushed into position. The car with the pilots moves in behind. The propeller spurts into life and the pilots ensuring a smooth takeoff begin their high-speed chase down the tarmac. Once airborne the fully autonomous drone starts ticking off the myriad waypoints.

Vector hurtles after the drone before slamming on the brakes and proclaiming “perfect.” He turns the car around and blasts a patriotic song from his radio.

Back at the planning base, the hours tick by and Vector, Serge and others keep tabs on the drones via trackers.

The success of the mission is monitored in three ways, they say: through human intelligence on the ground, the messages seen on Russian Telegram groups and, later, analysis using satellite technology. Only once all three have been assessed can a mission be deemed a success or not.

As the 3 am arrival window nears, Serge starts reading out messages he is seeing from Telegram channels across Russia. The widespread nature of this attack starts to become clearer. Various cities in southern Russia – Voronezh, Yesk, Rostov and Volgograd – all start reporting drones arriving in their airspace.

One video from Voronezh shows one of the decoy drones whizzing overhead. An audio clip of a woman in clear distress at what is happening above her head leaves Vector laughing.

Through these Telegram channels, he says, “we understand that we are having some success.”

Initial satellite imagery of the ammunition depot in Kotluban shows scorched fields, a result of burning grass, but seemingly little evidence of major explosions within – apparent signs of a near miss.

The video, sped up, shows 11 explosions all occurring in a 56-minute timeframe between 2:22 and 3:18 am – exactly the period during which the drones arriving from Ukraine were expected to land.

The image shows a number of objects scattered around the building and a building badly damaged.

The mission to destroy Iranian-delivered missiles was a total success, the Ukrainians insist.

This post appeared first on cnn.com

ApeCoin and Akita Inu: Targets and Levels for Tuesday

  • Over the weekend, ApeCoin’s price was in a slight retreat to support at 0.695
  • The price of Akita Inu managed to break above the EMA 200 moving average on Friday to gain its support

ApeCoin chart analysis

Over the weekend, ApeCoin’s price was in a slight retreat to support at 0.695. On Sunday, the price managed to stabilize there and initiate a bullish consolidation above the EMA 200 and 0.720 levels. On Monday, we saw a continuation of the bullish trend and a jump to a new two-week high. A new high was formed this morning at the 0.787 level. ApeCoin had no strength to go further, and we saw the initiation of a bearish consolidation to support at 0.760.

This support looks stable for now and supports the price on its bullish path. Potential higher targets are 0.780 and 0.790 levels. For a bearish option, the price must drop below today’s low if it plans to pull back. At the 0.750 level, we will try to test the EMA 50 moving average. If we fail to hold above, ApeCoin will have to initiate a bearish consolidation. Potential lower targets are 0.740 and 0.730 levels.

 

Akita Inu chart analysis

The price of Akita Inu managed to break above the EMA 200 moving average on Friday to gain its support. During the weekend, the price started a bullish consolidation, forming a new weekly high at the 0.00000010700 level. After that, bullish consolidation continued on Monday, and last week’s high was broken. A new high was created last night at the 0.0000002336 level. Akita Inu did not have the strength to continue further, and we saw a pullback to the 0.00000011500 level.

The price continued to fall this morning, breaking through that support level as well. With that step, the price formed a daily low at the 0.00000010150 level. In that zone, Akita Inu meets the EMA 50 moving average and is holding above it for now. If the support is not enough, further withdrawal to new support will follow. Potential lower targets are 0.00000010000 and 0.00000009500 levels. We also do not rule out testing the EMA 200 moving average in the 0.00000009000 zone.

 

The post ApeCoin and Akita Inu: Targets and Levels for Tuesday appeared first on FinanceBrokerage.

SafeMoon and Litecoin: Levels and Prices for Tuesday

  • The price of SafeMoon was quite calm last week, moving in the 0.00002300-0.00002800 range
  • On Tuesday, the price of Litecoin rose to $67.81, a new weekly high

SafeMoon chart analysis

The price of SafeMoon was quite calm last week, moving in the 0.00002300-0.00002800 range. The price pulled back over the weekend to the lower support zone. After successfully testing the support zone, a new bullish consolidation was initiated. SafeMoon gains stronger momentum on Monday and surpasses the EMA 200 moving average. This morning’s momentum pushed the price to the 0.00002850 level.

Potential higher targets are 0.00002900 and 0.00003000 levels. For a bearish option, we need a negative price consolidation back to the EMA 200 and 0.00002650. Then, the price needs to drop below into negative territory. With that step, the bearish pressure will intensify, and we can expect to start a further retreat. Potential lower targets are the 0.00002600 and 0.00002500 levels. At 0.00002500, we will test the weekly open level.

 

Litecoin chart analysis

On Tuesday, the price of Litecoin rose to $67.81, a new weekly high. After that, the price retreated slightly to $66.50, where it has new support. We are now at $67.00 and starting a bullish consolidation. If the momentum holds, we expect to see a further recovery to $67.50. Up there, Litecoin is close to testing the previous high and continuing to a new one. Potential higher targets are $68.00 and $68.50 levels.

For a bearish option, the price should fall below the $66.50 previous support. This will form a new daily low and increase bearish momentum. After that, the initiation of bearish consolidation remains to be seen. Potential lower targets are $66.00 and $65.50 levels. Additional major support could be the EMA 200 moving average in the $65.75 zone.

 

The post SafeMoon and Litecoin: Levels and Prices for Tuesday appeared first on FinanceBrokerage.

The Evolution of the Modern Forex Market: From Bretton Woods to AI-Driven Trading

The foreign exchange (forex) market, as we know it today, traces its origins to the collapse of the Bretton Woods System in the early 1970s. While this post-World War II system had promoted stability and fostered economic recovery, its eventual demise paved the way for a more dynamic and flexible global currency market.

A pivotal moment in this transition occurred in August 1971, when U.S. President Richard Nixon suspended the dollar’s convertibility into gold, a move famously referred to as the “Nixon Shock.” This decision effectively dismantled the fixed exchange rate system that had underpinned Bretton Woods. Economic pressures, including declining U.S. gold reserves and persistent balance of payments deficits, had made the system untenable. The rigidity of fixed exchange rates further complicated countries’ ability to respond to changing economic conditions.

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The end of Bretton Woods marked a watershed moment in forex trading. It heralded a shift towards floating exchange rates, where currency values are determined by market forces of supply and demand rather than being pegged to a fixed standard. This transformation unlocked a new era of currency trading, defined by increased flexibility and global monetary interdependence.

The Rise of Floating Exchange Rates

The adoption of floating exchange rates has been a defining characteristic of the modern forex market. Under this system, currency values fluctuate freely, responding to a range of economic factors such as interest rates, inflation, and political events. This flexibility has fostered a more dynamic trading environment, allowing participants to capitalize on price movements and increasing the overall liquidity of the market.

Floating exchange rates have also empowered central banks with more effective monetary policy tools. By adjusting interest rates, these institutions can influence their currency’s value in response to economic conditions. However, the same flexibility that creates opportunities for traders also introduces challenges, as periods of economic uncertainty or geopolitical tension can lead to heightened volatility in currency prices.

Technological Innovation: Transforming Forex Trading

Technology has revolutionized the forex market, making it more accessible, efficient, and transparent. The rise of electronic trading platforms, high-speed internet, and sophisticated algorithms has dramatically changed how currencies are traded.

Online trading platforms have democratized forex trading, allowing individual traders—once excluded from this space—to engage in a market historically dominated by large financial institutions. These platforms offer real-time data, advanced analytical tools, and the ability to execute trades with a few clicks.

High-frequency trading (HFT) has also become a significant force in the forex market. Using advanced algorithms, HFT firms execute large volumes of trades within fractions of a second. While this has boosted market liquidity, it has also raised concerns about fairness and stability, as rapid trading can exacerbate market fluctuations.

Mobile trading apps have further enhanced market accessibility, enabling traders to manage their positions from virtually anywhere. This shift has increased market participation and cemented the 24-hour nature of forex trading, making it a truly global, around-the-clock endeavor.

The Role of Artificial Intelligence

Artificial intelligence (AI) and machine learning are now at the forefront of modern forex trading. These technologies analyze vast amounts of data to identify patterns and forecast price movements, driving the development of sophisticated trading strategies. AI’s ability to process data at scale has not only enhanced prediction accuracy but also improved risk management, making it an invaluable tool for traders looking to stay ahead in a highly competitive environment.

Major Currency Pairs: The Powerhouses of Global Forex Trading

Today’s forex market is dominated by a select group of major currency pairs, which account for the majority of global trading volume. These pairs typically involve the U.S. dollar alongside other major currencies like the euro, British pound, Swiss franc, and Japanese yen. The EUR/USD pair alone represents about 20% of all forex transactions, followed by other high-liquidity pairs such as USD/JPY, GBP/USD, and USD/CHF.

Commodity-linked currency pairs, like USD/CAD, AUD/USD, and NZD/USD, are also significant players in the market, particularly in countries reliant on commodity exports. The prominence of these major pairs underscores the economic influence of the countries involved, with the U.S. dollar maintaining its status as the world’s primary reserve currency.

However, the global currency landscape is evolving. The rise of emerging market economies and the increasing internationalization of currencies like China’s yuan suggest that the composition of major currency pairs may shift in the future.

Conclusion: The Future of Forex

The forex market stands as the largest and most liquid financial market in the world, with daily trading volumes reaching a record $7.5 trillion in 2022, according to the Bank for International Settlements (BIS). As new technologies—especially AI—continue to shape the industry, the forex market is poised for even greater growth and sophistication in the years ahead. Traders, equipped with cutting-edge tools and strategies, are positioned to navigate this dynamic landscape as it continues to evolve.

In sum, the modern forex market is the product of decades of transformation, from the fall of the Bretton Woods System to the rise of AI-driven trading. Its evolution reflects the broader changes in global finance and technology, positioning it as a cornerstone of the international financial system.

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Nvidia Hits $138 Record High, Driving Global Chip Stocks

Nvidia stock price, for the first time, made a spectacular leap on a Monday to close at $138.07, a 2.4% gain, to reap the rewards of the growing AI market and the GPUs market. Thus, this increase, which followed the ascent it had reached in June, elevated the entity’s market capitalisation to a figure that is only slightly behind Apple’s, the rival in the market, at the second position on Wall Street and of a whopping $3.4 trillion.

The growth of Nvidia has had an impact on Asian chip stocks as well. SK Hynix, a major supplier of high-bandwidth memory chips used in Nvidia’s AI products, increased its stake by 2.8%. Besides, other chipmakers have also seen some encouraging settings as the breezy attitudinal mood connected with Nvidia’s AI-driven technologies was disseminated to the whole sector.

The analyst built this report with more confidence than the investment in other US technology titans such as Microsoft, Meta, Google and Amazon, all of which use the GPUs of Nvidia for their AI operations. Before Nvidia’s stock spike, the stock had either been moving downward or may stagnate. The schedule of the earlier decline of the Q2 financial results, despite the fact that they exceeded analysts’ expectations, threw the stock up in the air and kept the profit numbers down. “The stock of Nvidia during this year is the best choice for the computing hardware investment market,” since Nvidia’s products are by far the best, and they are very important for the transformations in AI and near-space technologies.

The total stock that the investors held until the current year was 180%; this indicates Nvidia’s core position in the AI hardware market and its vital role in developing next-generation technologies.

Can TSMC’s Earnings Boost Nvidia’s AI Surge or Signal a Slowdown?

Taiwan Semiconductor Manufacturing Co. (TSMC), the main driver behind Nvidia’s GPUs, is in preparation for a new disclosure of its financial status, which it will do on Thursday. Analysts are looking forward to a 40% increase in profits, partly due to the expansion of the demand for AI data centers, which makes the revenues of Nvidia swell to be as high as $126 billion for the year. In the meantime, although Nvidia’s extraordinary performance has made a significant contribution to the S&P 500’s record-breaking rise, there are still some cautious investors who require more convincing proof of the sustainability of AI-oriented growth.

Nvidia has just gone through an almost unbelievable decline in September when its stock price saw a sharp nosedive, leading to a loss of $279 billion in market cap. The worries about the fact that returns on investments in AI are not turning out as fast as it was hoped, the plunge was the main reason for enthusiasm fading. Nevertheless, while AI takes a prominent place in industry discussions, investors are keeping a close eye on whether Nvidia’s influence can continue, given the continuing state of unpredictability.

Nvidia Stock Price Chart Analysis 

NVDA/USD 15 Minute Chart

NVIDIA (NASDAQ: NVDA) opened at $138.85 today, October 15, and has experienced a small decrease, which resulted in its price being now at $138.18, down 0.49% or $0.68.

Previously, the stock was even higher than $139, but it has since gone down somewhat, displaying some volatility in the morning session. The investor activity has been solid but not overpowering, with a trading volume of 1.665 million shares.

In our opinion, the current rather sharp movement in the market mirrors a conservative approach towards the stock that might also be due to uncertainties in the larger market or general tech sector. Specifically, the hardware technology that the company has developed around artificial intelligence and high-performance computing allows it to maintain its superior position in the market and thrive in the years to come.

In terms of growth, we think NVIDIA will do well, mainly because of the higher need for AI technologies. However, price swings in the short term may likely be a result of selling after hitting the objective or larger economic factors. We will be on the lookout for new earnings reports and market trends. At present, we expect the stock to rise to $136 before some resistance might be seen when the stock gets near the $140 mark.

If you need to cash in on the power of Nvidia stock, which is on the rise, then now is the best time to go. 

First Majestic Silver Corp (AG) Chart Stock Analysis

AG/USD 15 Minute Chart

We have been closely monitoring First Majestic Silver Corp. (AG) and the stock has displayed some interesting movement lately. On October 15, AG began trading at $6.50, reaching $6.53 at its highest point, and when the day ended, its price was unchanged; that is it, we gained 0.38%. Trading volume was relatively low, with only 36.4K shares traded, indicating limited activity but some optimistic character that drove it up.

October 10-11, we took a very good run at AG by only just below $6.40 to go near $6.70. Despite this, the stock went back to about $6.30 on October 14, most likely because there was some profit-taking or investors were hesitant after the initial surge in the stock price.

Currently, AG is consolidating, almost balanced between the $6.30 support level and the $6.70 resistance level. The recent recovery portends that we may have an imminent upward move again; however, to verify this strong

momentum, the stock must break that $6.70 level. We are monitoring the trading volume and any recent corporate development, which could take the price either way.

Keep up-to-date on market trends and profit reports to consider these probable profits!

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Tesla’s Robotaxi Unveiling: Stock Drop and Market Uncertainty

Tesla stock was subjected to a strong down-trend because of high hopes for its optimus robot, driverless robot taxi, the Cybercab, during the “We, Robot” event.

Although the car of tomorrow should be on the assembly line by 2027, it will serve as the city transportation with a low price of $29,900 and an operating cost of $0.40. The investors’ mood appeared to have been less positive than expected.

Issues of the lack of specific arrangements about the time of launching, regulatory clearance and needed infrastructure constructions are the other concerns, as well as not mention of any trial of a cheaper electric car (EV). These doubts led to a drop of sixty billion dollars in Tesla’s market capitalisation last Friday, halting the earlier progress to some extent.

Tesla’s Speculative Value: AI Hype vs. Market Reality

Tesla stock has seen a great rise of 70% since April which is mainly due to the excitement over the artificial intelligence and self-driving technology by the company. The first thing to be aware of is the fact that the cost of a stock does not determine the future prospects of a company. The stock is priced by the investors who think a company has good or bad future performance. Before the robotaxi announcement, Tesla’s market value was up to over $760 billion, more than double the value of GM and Ford. The surviving $600 billion—by far the larger piece—is, however on the basis of the speculative projects of Tesla—such as Full Self-Driving technology, robot-taxis, and optimus robot.

The sell-off points to the investor’s cautious behaviour when it comes to Tesla’s exciting but not yet tested new ventures, even as the company still keeps the esteemed status in the electric vehicle market. Tesla will be greatly dependent on its ability to overcome regulatory, technological, and logistical challenges for it to keep its high market capitalisation.

Last Week: Tesla Stock Price History

TSLA shares tumbled 12.9% in the last seven days and ultimately ended the week at $217.81, which became the biggest turnaround it has experienced since April. A deep 8.8% drop on the last working day had a serious impact on the shares as they leveled below the 50-day moving average, a sell signal for stock traders. 

Elon Musk’s unveiling of the Cybercab and Robovan at Tesla’s new robotaxi event triggered the stock depreciation, as he failed to provide clear details about their availability. Analysts showed their indignation toward the loose timeframe, citing the future problem with Tesla’s autonomous development. Investors now shift their focus to Tesla’s upcoming Q3 earnings on October 23, with a decrease of 11% in profits but an estimated 9% growth in sales as the expectations.

Tesla Stock Chart Analysis

 

The last few days in the Tesla stock market have seen the price fluctuating very much, so we have been sticking to a telly the movements. The opening price of Tesla on October 15 was $218.98, and it was moving in a range between $218.73 and $219.60 before it closed at $219.15 with a fractional gain of 0.07%. The stock, however, had some bad days recently.

On October 11, we witnessed a sensitive decrease when shares plummeted down aggressively. Many shareholders found the Tesla robotaxi event lacking in specific information, about the new products including the optimus robot, causing this drop. The stock was unable to keep up with its 50-day moving average, showing a strong signal of a bear market and causing a sudden rise in the trading volume. A number of the traders appeared to cut out of their trading positions, thereby creating additional downward pressure.

After that, Tesla was simply trying to maintain its current price, so it is going to take the time of this accumulation and swing up and down. We believe there is a degree of uncertainty among the investors till the end of Q3 earnings on October 23, which can, as a whole, bring a surprising correction. Notwithstanding, profit is expected to come down 11% even with a 31% growth in sales, which is indeed quite justified.

Though the EV activities of Tesla still appear to be vibrant, the obscurity connected with the projects of autonomous driving has made us cautious, and we are aware that the stock can also still see volatility shortly.

Can Tesla rise above its problems and get back to full investor confidence?

Pay attention to the latest updates and changes in the market to see if can the EV leader gain back its momentum!

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